Peregrine Capital Management LLC decreased its stake in Comtech Telecommunications Corp. (NASDAQ:CMTL) by 33.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 421,200 shares of the communications equipment provider’s stock after selling 214,621 shares during the period. Peregrine Capital Management LLC owned about 1.79% of Comtech Telecommunications Corp. worth $8,647,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CMTL. Huber Capital Management LLC increased its holdings in shares of Comtech Telecommunications Corp. by 22.1% in the 2nd quarter. Huber Capital Management LLC now owns 2,574,504 shares of the communications equipment provider’s stock worth $48,838,000 after buying an additional 465,139 shares during the last quarter. Uniplan Investment Counsel Inc. grew its holdings in shares of Comtech Telecommunications Corp. by 149.3% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 566,738 shares of the communications equipment provider’s stock valued at $10,751,000 after purchasing an additional 339,399 shares during the last quarter. Paradigm Capital Management Inc. NY grew its holdings in shares of Comtech Telecommunications Corp. by 127.7% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 530,000 shares of the communications equipment provider’s stock valued at $10,054,000 after purchasing an additional 297,200 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Comtech Telecommunications Corp. by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,691,114 shares of the communications equipment provider’s stock valued at $24,927,000 after purchasing an additional 224,033 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Comtech Telecommunications Corp. by 10.5% during the 2nd quarter. Royce & Associates LP now owns 1,555,504 shares of the communications equipment provider’s stock valued at $29,508,000 after purchasing an additional 147,920 shares during the last quarter. 88.10% of the stock is currently owned by hedge funds and other institutional investors.

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Comtech Telecommunications Corp. (NASDAQ:CMTL) last released its quarterly earnings results on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The company had revenue of $147.80 million for the quarter, compared to the consensus estimate of $150.57 million. Comtech Telecommunications Corp. had a net margin of 2.88% and a return on equity of 1.70%. Comtech Telecommunications Corp.’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Wednesday, October 18th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, October 17th. Comtech Telecommunications Corp.’s payout ratio is 59.70%.

CMTL has been the topic of several recent research reports. Northland Securities set a $22.00 target price on shares of Comtech Telecommunications Corp. and gave the company a “buy” rating in a report on Monday, July 10th. BidaskClub lowered shares of Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of Comtech Telecommunications Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, July 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $21.00 target price on shares of Comtech Telecommunications Corp. in a report on Thursday, September 28th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Comtech Telecommunications Corp. in a report on Friday, September 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.10.

About Comtech Telecommunications Corp.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.

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Institutional Ownership by Quarter for Comtech Telecommunications Corp. (NASDAQ:CMTL)

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